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re: Buying silver online?
Posted on 12/2/12 at 8:11 pm to bigolecatfish
Posted on 12/2/12 at 8:11 pm to bigolecatfish
cheaper per unit
has industrial uses
easier to barter/trade espcially in SHTF scenarios
more room to appreciate IMO
and I like the feeling of owning more that I would with gold
has industrial uses
easier to barter/trade espcially in SHTF scenarios
more room to appreciate IMO
and I like the feeling of owning more that I would with gold
1
Posted on 12/3/12 at 2:49 pm to Zilla
I have been an avid money saver the past two years and have stockpiled a good chunk into my savings account. I realize how stupid it is to have a large sum of money not appreciating in a more favorable setting so I'm looking for something to sink $5k-10k into. My friend was telling me about silver and the opportunities for growth (i.e., its historical correlation to gold prices and the need to still go a ways to reach that in the near future with gold's rise the past few years).
Long story short, would sinking $5k into silver be a good strategy at this point? It seems that the potential for loss is minimal at this time while the potential for growth is large.
Also, what would be the most cost favorable option in purchasing a $5k portion of silver? I noticed the links above. For example, would it be wiser to buy a 100 oz block or 100 one oz. blocks?
Appreciate any insight into silver investments!
Long story short, would sinking $5k into silver be a good strategy at this point? It seems that the potential for loss is minimal at this time while the potential for growth is large.
Also, what would be the most cost favorable option in purchasing a $5k portion of silver? I noticed the links above. For example, would it be wiser to buy a 100 oz block or 100 one oz. blocks?
Appreciate any insight into silver investments!
This post was edited on 12/3/12 at 3:11 pm
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